About Woebot Health
Woebot Health offers an AI-powered platform that provides on-demand behavioral health support to adults, using Cognitive Behavioral Therapy (CBT) techniques. The platform is designed to supplement traditional therapy, making mental health resources accessible outside of regular office hours. It partners with Integrated Delivery Networks (IDNs) to integrate its services into their healthcare systems, ensuring seamless access for patients. The goal is to expand access to mental health support and improve user well-being.
San Francisco, CaliforniaHeadquarters
2017Year Founded
$119.9MTotal Funding
LATE_VCCompany Stage
AI & Machine Learning, HealthcareIndustries
51-200Employees
Risks
Heightened competition as more employers adopt AI mental health apps for employees.
Concerns about AI efficacy and ethics could affect Woebot Health's acceptance and reputation.
Lindus Health's comprehensive CRO services may attract clients away from Woebot Health.
Differentiation
Woebot Health uses AI to provide personalized mental health support at scale.
The platform integrates with IDNs' Electronic Medical Records for seamless healthcare delivery.
Woebot Health offers 24/7 support, addressing mental health needs outside traditional hours.
Upsides
Winning the 'Mental Health Innovation Award' boosts Woebot Health's credibility and visibility.
Partnerships with healthcare providers expand access to mental health support amid clinician shortages.
Increased employer adoption of AI mental health apps indicates a growing market for Woebot.
Funding
Total raised$119.94 M
Latest valuation$450.00 M
StageLATE_VC
LATE VC
2/28/2022$10
$450.00 MEARLY VC
11/30/2020$1
$5.00 MSERIES A
2/28/2018$23
$114.00 M